#needtoknow: Sports Authority Liquidation Sales

(Cheyenne, Wyo.) - If you headed over to Sports Authority this weekend to
check out the Going-Out-of-Business sale, you might have been disappointed
to see that most things are only marked down 10%.
*Sports Authority prepares to go out of business in Cheyenne, Wyo., May 30,
2016. (Pitchengine Communities)*
​Consumerist explains
that during a liquidation sale, anything previous sales are rescinded, and
items are "marked up" to their original retail prices:
"The liquidator will first mark items down to 10% off, then 20%, finally
escalating to some actual deals that might even beat sale prices at
competitors."
The three liquidation companies that bought the rights to sell off Sports
Authority stock are Tiger Capital Group, Hilco Global, and Gordon Brothers,
who have previously handled the liquidation for companies like Borders and
Circuit City.
This means that anyone looking for a rock-bottom bargain will be taking a
chance. Prices might not drop below what they were before the company's
bankruptcy until later this summer. Locations will be open through August
31st, and everything sold from now until then will be sold as-is, which
means you should check the warranty with the manufacturer, as that might be
your only recourse if you get something home and it's defective.
Gift cards will only be valid until June 28th
.
*Feature photo: Sports Authority prepares to go out of business in
Cheyenne, Wyo., May 30, 2016. (Pitchengine Communities)*
#shortgo #news

#needtoknow: Sports Authority Liquidation Sales

(Cheyenne, Wyo.) - If you headed over to Sports Authority this weekend to
check out the Going-Out-of-Business sale, you might have been disappointed
to see that most things are only marked down 10%.
*Sports Authority prepares to go out of business in Cheyenne, Wyo., May 30,
2016. (Pitchengine Communities)*
​Consumerist explains
that during a liquidation sale, anything previous sales are rescinded, and
items are "marked up" to their original retail prices:
"The liquidator will first mark items down to 10% off, then 20%, finally
escalating to some actual deals that might even beat sale prices at
competitors."
The three liquidation companies that bought the rights to sell off Sports
Authority stock are Tiger Capital Group, Hilco Global, and Gordon Brothers,
who have previously handled the liquidation for companies like Borders and
Circuit City.
This means that anyone looking for a rock-bottom bargain will be taking a
chance. Prices might not drop below what they were before the company's
bankruptcy until later this summer. Locations will be open through August
31st, and everything sold from now until then will be sold as-is, which
means you should check the warranty with the manufacturer, as that might be
your only recourse if you get something home and it's defective.
Gift cards will only be valid until June 28th
.
*Feature photo: Sports Authority prepares to go out of business in
Cheyenne, Wyo., May 30, 2016. (Pitchengine Communities)*
#shortgo #news